So giving that nVidia have designed Fermi as a general purpose microprocessor first and a 3D accelerator second, nVidia obviously feels that the future of PC's as a gaming machine is in question? I wonder what timeframe period they're projecting for the death of PC gaming?
All client-side gaming is on a limited lifespan.
Eventually we will all be streaming our games over the internet, with all the rendering done server-side. How long this will take to become the norm is anyone's guess, but there are already plenty of things in construction which don't require any local rendering.